JM APARTMENTS (EIN 050435537) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Michael Dawson

Phone

4016676502

Tax Period

2024-07-01 to 2025-06-30

JM APARTMENTS, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $156K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $219K exceeded revenue, resulting in a 40% operating deficit.

Mission

JM Apartments (JM) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $119,979

Program Service Revenue $34,590

Investment Income $313

Other Revenue $1,406

TOTAL REVENUE $156,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,417

Other Expenses $219,375

TOTAL EXPENSES $219,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,288	$115,183	+0.4%
Expenses	$219,375	$207,871	+0.1%
Net Income	$-63,087	$-92,688	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$612,588

Total Directors

$612,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henry Sachs III	President	1	Officer Director	$0	$49,367	$612,588
Scott DiChristofero	Former Officer	0		$0	$12,087	$188,030
Jay Burdick	Director	0.05	Director	$0	$0	$0
Nicole M Corbin	Secretary	0.05	Officer Director	$0	$0	$0
Michael Hogan	Director	0.05	Director	$0	$0	$0
Pamela S LaBreche	Vice Chair	0.1	Officer Director	$0	$0	$0
Robert Mancini	Chair	0.05	Officer Director	$0	$0	$0
Jospeh K Sabetta	Treasurer	0.05	Officer Director	$0	$0	$0
David White	Director	0.1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$156,288	$219,375	$1,080,050	$-63,087
2024	No data	No data	No data	No data
2023	$114,568	$228,754	$1,182,553	$-114,186
2022	$112,381	$248,005	$1,230,997	$-135,624
2021	$114,931	$199,550	$1,300,597	$-84,619
2020	$116,521	$195,426	$1,369,196	$-78,905
2019	$116,570	$192,879	$1,438,160	$-76,309
2018	$98,267	$193,254	$1,502,249	$-94,987

JM APARTMENTS